Scope Group, an independent ratings agency, has warned that European real estate companies face a jump in bond refinancing, and that deleveraging through asset sales is essential for most issuers to meet creditors’ expectations of de-risked balance sheets.
Legal & General Investment Management’s (LGIM’s) managed fund has acquired Tesco Yarrow Road Poole from clients of abrdn for £46.1 mln (€54 mln).
